Cash flow NetEase Cloud Music Inc.

Stocks

9899

KYG2215N1097

Entertainment Production

Market Closed - Hong Kong S.E. Other stock markets 04:08:13 2026-08-11 EDT			5-day change	1st Jan Change
123.70 ^HKD	-0.72%		-0.48%	-33.49%

07-16	Warner Music Group And NetEase Cloud Music Announce Strategic Multi-Year Licensing Renewal	CI
05-21	NetEase's Q1 Profit Rises on Higher Games Revenue	MT

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Published financial data: NETEASE CLOUD MUSIC INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Revenues	7B	8.99B	7.87B	7.95B	7.76B
Total Revenues	7B	8.99B	7.87B	7.95B	7.76B
Cost of Goods Sold, Total	6.85B	7.7B	5.76B	5.27B	4.99B
Gross Profit	143M	1.29B	2.1B	2.68B	2.77B
Selling General & Admin Expenses, Total	696M	806M	923M	796M	585M
R&D Expenses	869M	1.01B	869M	780M	762M
Other Operating Expenses	-71.49M	-146M	-21.59M	-32.6M	-189M
Other Operating Expenses, Total	1.49B	1.67B	1.77B	1.54B	1.16B
Operating Income	-1.35B	-379M	332M	1.14B	1.61B
Interest Expense, Total	-	-349K	-317K	-239K	-194K
Interest And Investment Income	48.42M	183M	438M	406M	446M
Net Interest Expenses	48.42M	183M	438M	406M	446M
Income (Loss) On Equity Invest.	2.33M	-2.72M	-63K	-6.54M	98K
Currency Exchange Gains (Loss)	-3.86M	5M	-2.04M	-2.4M	-1.98M
Other Non Operating Income (Expenses)	-	-	-	-	-
EBT, Excl. Unusual Items	-1.3B	-194M	768M	1.54B	2.06B
Gain (Loss) On Sale Of Investments	7.44M	-10.83M	-	34.98M	12.6M
Other Unusual Items	-755M	-	-	-	-
EBT, Incl. Unusual Items	-2.05B	-204M	768M	1.57B	2.07B
Income Tax Expense	4.67M	17.02M	33.5M	4.89M	-678M
Earnings From Continuing Operations	-2.06B	-221M	734M	1.57B	2.75B
Net Income to Company	-2.06B	-221M	734M	1.57B	2.75B
Minority Interest	-	-	-	-3.86M	2.38M
Net Income - (IS)	-2.06B	-221M	734M	1.56B	2.75B
Net Income to Common Incl Extra Items	-2.06B	-221M	734M	1.56B	2.75B
Net Income to Common Excl. Extra Items	-2.06B	-221M	734M	1.56B	2.75B
Per Share Items
Net EPS - Basic	-15.92	-1.06	3.49	7.48	13.02
Basic EPS - Continuing Operations	-15.92	-1.06	3.49	7.48	13.02
Basic Weighted Average Shares Outstanding	129M	209M	210M	209M	211M
Net EPS - Diluted	-15.92	-1.06	3.47	7.4	12.87
Diluted EPS - Continuing Operations	-15.92	-1.06	3.47	7.4	12.87
Diluted Weighted Average Shares Outstanding	129M	209M	212M	211M	214M
Normalized Basic EPS	-6.31	-0.58	2.28	4.58	6.1
Normalized Diluted EPS	-6.31	-0.58	2.27	4.53	6.03
Supplemental Items
EBITDA	-1.34B	-356M	349M	1.15B	1.62B
EBITA	-1.35B	-379M	332M	1.14B	1.61B
EBIT	-1.35B	-379M	332M	1.14B	1.61B
Effective Tax Rate - (Ratio)	-0.23	-8.32	4.36	0.31	-32.79
Current Domestic Taxes	4.67M	17.02M	33.5M	4.89M	68.61M
Total Current Taxes	4.67M	17.02M	33.5M	4.89M	68.61M
Deferred Domestic Taxes	-	-	-	-	-747M
Total Deferred Taxes	-	-	-	-	-747M
Normalized Net Income	-815M	-121M	480M	956M	1.29B
Interest on Long-Term Debt	-	-	317K	239K	194K
Supplemental Operating Expense Items
Advertising Expense	-	-	688M	520M	296M
Selling and Marketing Expenses	431M	635M	758M	612M	409M
General and Administrative Expenses	264M	172M	165M	185M	177M
Research And Development Expense From Footnotes	869M	1.01B	869M	780M	762M
Stock-Based Comp., G&A Exp. (Total)	257M	107M	-	139M	112M
Stock-Based Comp., Other (Total)	-	-	84.32M	-	-
Total Stock-Based Compensation	257M	107M	84.32M	139M	112M

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	853M	2.92B	4.02B	3.8B	3.12B
Short Term Investments	5.53B	6.19B	5.48B	6.42B	9.06B
Trading Asset Securities, Total	241M	-	-	6.52M	-
Total Cash And Short Term Investments	6.62B	9.11B	9.51B	10.22B	12.18B
Accounts Receivable, Total	802M	697M	1.02B	1.09B	1.1B
Other Receivables	136M	82.47M	98.79M	210M	148M
Total Receivables	938M	779M	1.12B	1.3B	1.24B
Prepaid Expenses	98.05M	72.66M	86.46M	94.64M	122M
Restricted Cash	-	8.32M	21M	1.86M	407K
Other Current Assets, Total	1.11B	507M	590M	335M	532M
Total Current Assets	8.77B	10.48B	11.32B	11.95B	14.07B
Gross Property Plant And Equipment	126M	145M	144M	125M	120M
Accumulated Depreciation	-71.23M	-91.14M	-104M	-98.53M	-94.38M
Net Property Plant And Equipment	54.55M	53.66M	39.34M	26.24M	25.6M
Long-term Investments	92.91M	79.03M	78.97M	1.47B	1.45B
Deferred Tax Assets Long-Term	-	-	-	-	747M
Deferred Charges Long-Term	471M	283M	169M	107M	103M
Other Long-Term Assets, Total	332K	-	-	24.22M	60.5M
Total Assets	9.39B	10.89B	11.61B	13.58B	16.46B
Liabilities
Accounts Payable, Total	56.52M	53.21M	76.37M	97.72M	94.54M
Accrued Expenses, Total	1.11B	2.15B	1.92B	1.89B	1.87B
Short-term Borrowings	-	-	-	-	-
Current Portion of Leases	2.61M	2.78M	3M	1.71M	1.97M
Current Income Taxes Payable	-	5.62M	4.13M	738K	62.79M
Unearned Revenue Current, Total	605M	714M	1B	1.24B	1.41B
Other Current Liabilities	172M	81.78M	97.68M	84.3M	51.41M
Total Current Liabilities	1.95B	3.01B	3.1B	3.31B	3.49B
Long-Term Debt	-	-	-	-	-
Long-Term Leases	7.89M	5.62M	3.36M	4.76M	4.23M
Unearned Revenue Non Current	50.56M	55.24M	66.54M	83.89M	102M
Other Non Current Liabilities	-	-	-	-	-
Total Liabilities	2.01B	3.07B	3.17B	3.4B	3.59B
Common Stock, Total	132K	135K	137K	139K	139K
Additional Paid In Capital	16.9B	17.11B	17.29B	17.55B	17.79B
Retained Earnings	-10.6B	-10.82B	-10.09B	-8.53B	-5.78B
Treasury Stock	-	-	-	-547M	-456M
Comprehensive Income and Other	1.08B	1.53B	1.24B	1.7B	1.31B
Total Common Equity	7.38B	7.82B	8.44B	10.18B	12.87B
Minority Interest	-	-	-	3.86M	-
Total Equity	7.38B	7.82B	8.44B	10.18B	12.87B
Total Liabilities And Equity	9.39B	10.89B	11.61B	13.58B	16.46B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	208M	212M	214M	216M	218M
ECS Total Common Shares Outstanding	208M	212M	214M	216M	218M
Book Value / Share	35.53	36.9	39.39	47.03	59.16
Tangible Book Value	7.38B	7.82B	8.44B	10.18B	12.87B
Tangible Book Value Per Share	35.53	36.9	39.39	47.03	59.16
Total Debt	10.5M	8.4M	6.36M	6.47M	6.2M
Net Debt	-6.61B	-9.1B	-9.5B	-10.22B	-12.17B
Minority Interest, Total (Incl. Fin. Div)	-	-	-	3.86M	-
Equity Method Investments, Total	92.91M	79.03M	78.97M	72.42M	51.58M
Account Code - Inventory Valuation	3	3	3	3	3
Machinery, Total	110M	131M	132M	117M	112M
Full Time Employees	1.5K	1.54K	1.36K	1.36K	1.29K
Accumulated Allowance for Doubtful Accounts (Supple)	3.23M	3.32M	6.95M	7.27M	9.31M

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	-2.06B	-221M	734M	1.56B	2.75B
Depreciation & Amortization - CF	15.82M	25.24M	19.37M	17.22M	12.63M
Depreciation & Amortization, Total	15.82M	25.24M	19.37M	17.22M	12.63M
(Gain) Loss From Sale Of Asset	-81K	-254K	-340K	-225K	-216K
(Gain) Loss on Sale of Investments - (CF)	-5.51M	13.15M	53.89M	-30.7M	-12.24M
(Income) Loss On Equity Investments - (CF)	-2.33M	2.72M	63K	6.54M	-98K
Stock-Based Compensation (CF)	257M	107M	84.32M	139M	112M
Other Operating Activities, Total	706M	-177M	-439M	-406M	-1.13B
Change In Accounts Receivable	-419M	115M	-369M	-134M	-15.57M
Change In Accounts Payable	-1.27M	77K	-40K	23.84M	32.06M
Change in Other Net Operating Assets	597M	1.98B	105M	597M	-126M
Cash from Operations	-908M	1.84B	189M	1.77B	1.62B
Capital Expenditure	-39.5M	-26.09M	-5.54M	-3.71M	-11.2M
Sale of Property, Plant, and Equipment	1.3M	2M	2.22M	1.97M	954K
Investment in Marketable and Equity Securities, Total	-3.86B	31.4M	813M	-2.21B	-2.8B
Other Investing Activities, Total	40.42M	151M	417M	276M	464M
Cash from Investing	-3.86B	159M	1.23B	-1.94B	-2.35B
Short Term Debt Issued, Total	-	-	-	-	-
Total Debt Issued	-	-	-	-	-
Short Term Debt Repaid, Total	-	-349K	-317K	-	-
Long-Term Debt Repaid, Total	-416K	-2.11M	-3.24M	-1.67M	-1.8M
Total Debt Repaid	-416K	-2.46M	-3.56M	-1.67M	-1.8M
Issuance of Common Stock	2.68B	63.55M	77.38M	163M	86.4M
Repurchase of Common Stock	-	-31.03M	-381M	-223M	-1.9M
Issuance of Preferred Stock	-	-	-	-	-
Repurchase of Preferred Stock	-	-	-	-	-
Other Financing Activities, Total	-67.47M	-32.97M	-	-239K	-194K
Cash from Financing	2.61B	-2.91M	-308M	-62.06M	82.51M
Foreign Exchange Rate Adjustments	3.89M	64.49M	-4.58M	1.03M	-31.85M
Net Change in Cash	-2.15B	2.06B	1.1B	-225M	-678M
Supplemental Items
Cash Interest Paid	64.5M	-	-	239K	194K
Cash Income Tax Paid (Refund)	5.74M	11.36M	34.79M	8.28M	6.56M
Levered Free Cash Flow	-917M	1.71B	-56.22M	1.17B	1.12B
Unlevered Free Cash Flow	-917M	1.71B	-56.02M	1.17B	1.12B
Change In Net Working Capital	306M	-1.84B	362M	-302M	-4.37M
Net Debt Issued / Repaid	-416K	-2.46M	-3.56M	-1.67M	-1.8M

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	-9.68	-2.33	1.85	5.65	6.7
Return on Total Capital	-12.74	-3.11	2.55	7.64	8.73
Return On Equity %	-198.19	-2.91	9.03	16.81	23.82
Return on Common Equity	-198.19	-2.91	9.03	16.77	23.85
Margin Analysis
Gross Profit Margin %	2.04	14.38	26.73	33.73	35.69
SG&A Margin	9.94	8.97	11.74	10.01	7.54
EBITDA Margin %	-19.08	-3.96	4.43	14.5	20.91
EBITA Margin %	-19.3	-4.21	4.22	14.32	20.77
EBIT Margin %	-19.3	-4.21	4.22	14.32	20.77
Income From Continuing Operations Margin %	-29.38	-2.46	9.33	19.69	35.39
Net Income Margin %	-29.38	-2.46	9.33	19.64	35.42
Net Avail. For Common Margin %	-29.38	-2.46	9.33	19.64	35.42
Normalized Net Income Margin	-11.64	-1.35	6.1	12.02	16.58
Levered Free Cash Flow Margin	-13.1	19.03	-0.71	14.66	14.49
Unlevered Free Cash Flow Margin	-13.1	19.04	-0.71	14.66	14.49
Asset Turnover
Asset Turnover	0.8	0.89	0.7	0.63	0.52
Fixed Assets Turnover	185.74	166.2	169.19	242.46	299.34
Receivables Turnover (Average Receivables)	11.4	12	9.16	7.54	7.1
Short Term Liquidity
Current Ratio	4.5	3.48	3.65	3.61	4.04
Quick Ratio	3.88	3.28	3.43	3.48	3.85
Operating Cash Flow to Current Liabilities	-0.47	0.61	0.06	0.54	0.46
Days Sales Outstanding (Average Receivables)	32.03	30.42	39.86	48.56	51.37
Average Days Payable Outstanding	3.52	2.6	4.1	6.05	7.03
Long Term Solvency
Total Debt/Equity	0.14	0.11	0.08	0.06	0.05
Total Debt / Total Capital	0.14	0.11	0.08	0.06	0.05
LT Debt/Equity	0.11	0.07	0.04	0.05	0.03
Long-Term Debt / Total Capital	0.11	0.07	0.04	0.05	0.03
Total Liabilities / Total Assets	21.37	28.2	27.3	25.04	21.82
EBIT / Interest Expense	-	-1.09K	1.05K	4.76K	8.31K
EBITDA / Interest Expense	-	-1.01K	1.11K	4.83K	8.37K
(EBITDA - Capex) / Interest Expense	-	-1.09K	1.09K	4.82K	8.31K
Total Debt / EBITDA	-0.01	-0.02	0.02	0.01	0
Net Debt / EBITDA	4.95	25.75	-27.02	-8.84	-7.49
Total Debt / (EBITDA - Capex)	-0.01	-0.02	0.02	0.01	0
Net Debt / (EBITDA - Capex)	4.81	23.98	-27.45	-8.87	-7.55
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	42.93	28.5	-12.51	1.06	-2.4
Gross Profit, 1 Yr. Growth %	-123.97	806.34	62.6	27.53	3.28
EBITDA, 1 Yr. Growth %	-11.09	-73.33	-197.91	230.71	40.67
EBITA, 1 Yr. Growth %	-11.4	-71.96	-187.73	242.62	41.56
EBIT, 1 Yr. Growth %	-11.4	-71.96	-187.73	242.62	41.56
Earnings From Cont. Operations, 1 Yr. Growth %	-30.34	-89.23	-431.47	113.21	75.41
Net Income, 1 Yr. Growth %	-30.34	-89.23	-431.47	112.69	76
Normalized Net Income, 1 Yr. Growth %	-10.02	-85.15	-496.43	99.18	34.65
Diluted EPS Before Extra, 1 Yr. Growth %	-34.27	-93.34	-427.36	113.26	73.92
Accounts Receivable, 1 Yr. Growth %	88.24	-13.14	46.67	6.45	0.83
Net Property, Plant and Equip., 1 Yr. Growth %	162.22	-1.63	-26.7	-33.28	-2.46
Total Assets, 1 Yr. Growth %	16.51	16.02	6.6	16.98	21.2
Tangible Book Value, 1 Yr. Growth %	-239.1	5.94	7.94	20.58	26.45
Common Equity, 1 Yr. Growth %	-239.1	5.94	7.94	20.58	26.45
Cash From Operations, 1 Yr. Growth %	-6.3	-302.87	-89.74	838.69	-8.82
Capital Expenditures, 1 Yr. Growth %	92.08	-33.95	-78.75	-33.11	202.05
Levered Free Cash Flow, 1 Yr. Growth %	368.38	-286.65	-103.28	-2.17K	-3.49
Unlevered Free Cash Flow, 1 Yr. Growth %	368.38	-286.68	-103.27	-2.18K	-3.49
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	73.73	35.53	6.03	-5.97	-0.69
Gross Profit, 2 Yr. CAGR %	-63.26	47.38	283.9	44	14.77
EBITDA, 2 Yr. CAGR %	-9.58	-51.31	-48.9	79.95	115.69
EBITA, 2 Yr. CAGR %	-9.47	-50.16	-50.4	73.37	120.23
EBIT, 2 Yr. CAGR %	-9.47	-50.16	-50.4	73.37	120.23
Earnings From Cont. Operations, 2 Yr. CAGR %	1	-72.61	-40.24	165.84	93.39
Net Income, 2 Yr. CAGR %	1	-72.61	-40.24	165.52	93.47
Normalized Net Income, 2 Yr. CAGR %	-9.57	-63.44	-23.26	181	63.77
Diluted EPS Before Extra, 2 Yr. CAGR %	-2.39	-79.08	-53.31	164.22	92.59
Accounts Receivable, 2 Yr. CAGR %	42.97	27.87	12.87	24.95	3.6
Net Property, Plant and Equip., 2 Yr. CAGR %	51.68	60.61	-15.08	-30.06	-19.33
Total Assets, 2 Yr. CAGR %	1.92	16.26	11.21	11.67	19.07
Tangible Book Value, 2 Yr. CAGR %	58.31	21.39	6.93	14.08	23.48
Common Equity, 2 Yr. CAGR %	58.31	21.39	6.93	14.08	23.48
Cash From Operations, 2 Yr. CAGR %	-27.03	37.88	-54.38	-1.87	192.56
Capital Expenditures, 2 Yr. CAGR %	63.75	12.64	-62.53	-62.3	42.14
Levered Free Cash Flow, 2 Yr. CAGR %	-8.25	195.68	-75.24	-17.49	347.26
Unlevered Free Cash Flow, 2 Yr. CAGR %	-9.12	195.7	-75.28	-17.49	348.07
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	82.67	57.12	17.13	4.35	-4.8
Gross Profit, 3 Yr. CAGR %	-52.33	6.96	52.29	165.88	28.9
EBITDA, 3 Yr. CAGR %	-8.27	-39.81	-38.54	-4.77	65.77
EBITA, 3 Yr. CAGR %	-8.23	-38.75	-39.82	-5.54	62.05
EBIT, 3 Yr. CAGR %	-8.23	-38.75	-39.82	-5.54	62.05
Earnings From Cont. Operations, 3 Yr. CAGR %	0.82	-52.1	-37.11	-8.69	131.44
Net Income, 3 Yr. CAGR %	0.82	-52.1	-37.11	-8.76	131.51
Normalized Net Income, 3 Yr. CAGR %	-10.29	-50.48	-19.08	5.46	119.89
Diluted EPS Before Extra, 3 Yr. CAGR %	-6.62	-60.12	-47.67	-22.54	129.84
Accounts Receivable, 3 Yr. CAGR %	35.03	21.09	33.85	10.69	16.33
Net Property, Plant and Equip., 3 Yr. CAGR %	28.57	31.29	23.66	-21.64	-21.86
Total Assets, 3 Yr. CAGR %	5.63	6.42	12.95	13.1	14.76
Tangible Book Value, 3 Yr. CAGR %	101.7	38.47	16.73	11.3	18.06
Common Equity, 3 Yr. CAGR %	101.7	38.47	16.73	11.3	18.06
Cash From Operations, 3 Yr. CAGR %	-30.84	2.61	-42.01	25.01	-4.24
Capital Expenditures, 3 Yr. CAGR %	40.08	20.99	-35.4	-54.55	-24.56
Levered Free Cash Flow, 3 Yr. CAGR %	-	16.25	-34.03	8.32	-13.06
Unlevered Free Cash Flow, 3 Yr. CAGR %	-	15.52	-34.1	8.32	-13.06
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-	-	46.95	27.95	9.65
Gross Profit, 5 Yr. CAGR %	-	-	9.81	20.47	36
EBITDA, 5 Yr. CAGR %	-	-	-27.41	-6.73	1.55
EBITA, 5 Yr. CAGR %	-	-	-28.25	-7.13	1.12
EBIT, 5 Yr. CAGR %	-	-	-28.25	-7.13	1.12
Earnings From Cont. Operations, 5 Yr. CAGR %	-	-	-18.21	-4.93	-1.43
Net Income, 5 Yr. CAGR %	-	-	-18.21	-4.98	-1.42
Normalized Net Income, 5 Yr. CAGR %	-	-	-15.73	-0.83	7.28
Diluted EPS Before Extra, 5 Yr. CAGR %	-	-	-29.23	-15.03	-11.88
Accounts Receivable, 5 Yr. CAGR %	-	-	25.69	22.62	20.81
Net Property, Plant and Equip., 5 Yr. CAGR %	-	-	8.91	2.05	4.24
Total Assets, 5 Yr. CAGR %	-	-	7.83	8.49	15.36
Tangible Book Value, 5 Yr. CAGR %	-	-	56.48	28.14	19.38
Common Equity, 5 Yr. CAGR %	-	-	56.48	28.14	19.38
Cash From Operations, 5 Yr. CAGR %	-	-	-41.45	0.79	10.79
Capital Expenditures, 5 Yr. CAGR %	-	-	-17.34	-24.11	-11.44
Levered Free Cash Flow, 5 Yr. CAGR %	-	-	-	1.36	41.86
Unlevered Free Cash Flow, 5 Yr. CAGR %	-	-	-	0.97	41.86